The Value Plan account has been gaining traction since our previous update. There are a growing number of external-focused events organized by Hive community members and numerous sponsorship opportunities.
We are issuing this report and proposal today to account for this unexpected and growing need and to bring up our budget for the year to a total of 200,000 HBD.
Your Value Plan key holders are as always @Blocktrades, @Crimsonclad, @Guiltyparties, @Smooth, and @Theycallmedan. All have the full set of keys.
The account key holders do not approve all requests. Several large pay-per-minute conference presentation opportunities have been declined. The bear market has also brought out news publishers and other promotional vendors who have lowered their prices. Unfortunately, both of these are the direct results of a lack of engagement and interest from the wider Web3 and crypto ecosystems and not entirely favorable to Hive at this time. We are actively seeking our beneficial promotional opportunities that holistically support the Hive ecosystem.
467.290 HP
6,234.475 HIVE
6,967.827 HBD
Q1 - Q2: 50,000 HBD
Q3 - Q4: 100,000 HBD
Supplementary: 50,000 HBD
Additional funds are required for upcoming industry conferences and related opportunities as well as to continue with the current events, as below. Please keep in mind that even with all the cost saving measures in place and due diligence, these budgets are only for event-related activities and minor promotional costs. This is the first year we are handling promotional budgets in this manner and are learning as we go.
Many of these transactions are a pre-payment for events that are to take place in the future.
5,000.000 HBD to 
29,905.000 HBD to 
25,000.000 HBD to
280.000 HBD to 
The rally car operated by 
7,580.000 HBD to
1,250.000 HBD to 
650.000 HBD to 
1,000.000 HBD to 
The sports exhibits are held in prominent high-end locations and with the direct involvement and invitation of local authorities. The costs for them are high due to logistics (transportation) as well as specialized branding requirements (custom uniforms) specified by the hosts. The transportation includes the use of a commercial truck to move the heavy workout bars and their bases. Privately owned vehicles capable of handling such weights that common in other parts of the world are not readily available in Venezuela.
630.000 HBD to 
1,220.000 HBD to
7,572.000 HBD to
3,579.000 HBD to
580.000 HBD to
780.000 HBD to
925.000 HBD to
These events are conducted in partnership with BNBChain and other crypto-driven partners.
350.000 HBD to 
465.000 HBD to 
185.000 HBD to
There is currently one well under construction and several more scheduled. These events have led to much regional acclaim, including many news articles and several broadcasts. The costs for each well (now coupled with a distribution of Hive-branded notebooks for local children) is just under $5,000. The cost depends on the drilling location as that affects both depth of needed well and transportation logistics. [The minor funds that Hive community members donate to 
4,924.000 HBD to 
500.000 HBD to
4,924.000 HBD to
255.000 HBD to 
HBD at exchange evaluation: Very rarely at times where immediate conversion is required, the account will issue funds in HBD not as 1 HBD to $1 USD but at the exchange rate. This is rare and only done where favorable (proper) selling conditions aren't possible.
Laptops and tech equipment: In some parts of the world like Venezuela much of the population is without a working laptop. Unfortunately, they are required for presentations and for onboarding. Under some conditions and where the laptop is for group use, the account will issue funds to purchase one. Chromebooks are not laptops and are banned. A laptop must be functional, securite, and suitable for displaying Hive branding and Hive materials properly. One laptop may be issued per geographical area. The issuing of laptops is concluded for the year and no further ones should be required as we are now geographically covered. Phones are not authorized at any point. Cameras and projectors are authorized if necessary due to comparable rental costs.
Inflation: Prices and costs are on a rapid increase while traditional crypto promotional avenues are experiencing a decline due to these same market trends. We are trying to balance our events under the current conditions.
Thank you for your time once again.
